This role supports the Senior Manager, HRCM by providing direction and executing core risk decisions related to identifying, reviewing, managing, and escalating higher risk clients. It involves risk assessment and enhanced due diligence (EDD) processes to mitigate financial, regulatory, reputational, and legal risks at RBC, utilizing a risk-based approach. The manager will also assist in the identification, confirmation, management, and approval process for onboarding and periodic review of high-risk clients, ensuring all outcomes are based on a thorough understanding of risk and made within AML/CTF regulatory requirements.
Conduct HRC EDD risk assessments for units supported by the HRC Team and ensure consistent execution of Global Standards for Client Risk Management (CRM) and EDD.,Support the development, implementation, execution, and ongoing enhancements to the US Wealth Management HRC programs.,Partner with the FIU, Insights & Analytics, and Global AML Compliance to ensure HRC risk assessments are appropriately coordinated, routed, and escalated where relevant, using a risk-based approach.,Assess self-training and self-development needs based on role requirements to facilitate review of Personal Development plan with Manager/Senior Manager.,Complete mandatory RBC training on a timely basis and keep abreast of current industry knowledge, best practices, and skill sets relevant to AML/CTF and other related regulatory matters.,Attend and actively participate in team discussions, coaching sessions, and the development and testing of new initiatives/processes.,Work with business partners and stakeholders to ensure that all issues/reviews are escalated appropriately within defined timelines and in accordance with RBC's policies and procedures.,Effectively communicate with business partners and stakeholders to ensure high service standards and client care focus is maintained.,Provide input into the development of processes, guidance documents, tools, and job aids to enhance the HRCM Strategy and ensure compliance with regulatory and policy requirements.
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Post-secondary education or equivalent experience
37.5 hours/week
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. As Canada's largest bank, it provides personal and commercial banking, wealth management, and capital markets services to over 17 million clients worldwide.
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